Sloppy, page-5

Here is a post from minichris from LSE who has done a fair bit of research on Magna its a great starting point for information on magna and who's behind them and the financial clout they possess

"So I did some digging to see exactly who Magna Energy are...

Magna is made up of these share holders -

CC Energy 40%

Magna Investments 40%

M Watts (Director) 10%

Janice Brown 10%

CC Energy - CC Energy Development (CCED) is a privately owned Lebanese upstream oil and gas exploration and production company, CCED is heavily involved in the Omani hydrocarbon sector.

Magna Investments - http://www.magna.ae/text/c-message.html headed up by Ali Saeed Bin Harmal Al Dhaheri

Ali Saeed Bin Harmal Al Dhaheri - http://www.ufi.org/Public/Default.aspx?Clef_SITESMAPS=686

They trade under a lot of names and have a lot of companies -http://bhs.ae/links.html & http://bhs.ae/links.html2.html

So Magna Energy is a shell company for Magna Investments and CC Energy.

Ali Saeed Bin Harmal Al Dhaheri is HUGE, scratch below the surface and see what he owns -

Adcg (UK) Limited

London International Exhibition Centre Holdings Plc

Adcg Holdings (Jersey) Ltd

Adcg Hotels Limited

All of these UK based, then there are loads more on the links provided in UAE and world wide!"

So hope that helps a few new investors , Cairn energy ex directors with huge financial backing if required